Due to advancement in level sensing technologies and high requirements in various applications fields such as consumer, automotive, petrochemicals, water & wastewater management, chemicals, transportation, industrial, power and manufacturing sector, and so on, the market is expected to grow in the forecasted period.

The market has been witnessing a massive transformation since past couple of years. The market has entered into a shift from contact type of measurement to non-contact type of level measurement. Though the current market is dominated by contact level sensors, there is strong growth in non-contact level sensing segment.

Many multinational companies such as Siemens AG (Germany), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Honeywell Sensing & Control (U.S.) are investing heavily in acquisitions and R&D activities for more innovations and product development involving non-contact level sensing technologies. The government regulations for industrial as well as municipal wastewater treatment in developed economies and the government initiatives in developing economies like India, China, and Brazil are acting as strong driving force for the market.

The level sensor market is expected to grow at a CAGR of 8.01% in the forecasted period (2014-2020). North America region leads the overall global level sensors market in 2013. In the report, the drivers, restraints, and opportunities for the market are covered. The big players who provides the different level sensor technologies for end user applications and customized services are Siemens AG (Germany), ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Gems Sensors & Control Co. (U.S.), Magnetrol International Inc. (U.S.), Vega GmbH (Germany), and Pepperl+Fuchs AG (Germany).

Key Take-Aways:

The global level sensors market is expected to grow at an estimated CAGR of 8.01% from 2014-2020

Analysis of Level sensor market with special focus on high growth application segment

Key drivers, restraints, and opportunities in the level sensors market

Level sensors market includes statistics by technologies, type of monitoring, and applications

Porter's five forces has been explained in detail along with the value chain analysis for level sensor market

Illustrative segmentation, analysis, and forecast of the major geographical markets to give an overall view of the level sensor market

Detailed competitive landscape with identification of the key players with in-depth market share analysis with individual revenue and market shares